The initial public offer of real estate developer Omaxe, expected to raise about Rs 550 crore, got subscribed by more than 35 times today.
The IPO received bids for 63.09 crore shares against 1.77 crore shares on offer, getting subscribed 35.45 times, according to the latest data available on the bourses.
The price band of the offer, which opened on July 17 and closes with the working hours today, has been fixed at Rs 265-310 per share.The issue received good response from Qualified Institutional Buyers and non-institutional investors.
Of the total issue, about 1.75 crore equity shares are meant for the public, while the balance 2.96 lakh shares have been reserved for eligible employees. There is also a greenshoe option of 17.5 lakh equity shares.
The issue would constitute 11.20 per cent of fully diluted post-issue paid-up capital of the company if the greenshoe option is exercised and, 10.30 per cent if the option is not exercised.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment